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What The Papers SayBack

The Financial Times

Downing Street keeps ministers on tight rein

Downing St

Cameron determined to push through key commitments during crucial ‘first 100 days’

Downing Street has put ministers and the civil service machine on a tight rein since the general election as David Cameron seeks to capitalise on his surprise election victory and meet key manifesto commitments while he is at the height of his power and influence.

Shell proposes Goldeneye’s return to service for North Sea carbon capture

Energy giant is competing for £1bn to develop the world’s first plant to extract and store CO2 waste.

Companies and Markets

Shale taps tighten

US oil groups’ issuance of fresh equity slows sharply

Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressure on the industry following the fall in crude prices.

The Times

Banana Republic

A motorist has been fined £100 for eating a banana in a traffic jam while driving.

Learner keen to get behind wheel of a family classic

Katie Mann has extra incentive to get rid of her L-plates: the chance to become the fourth generation to drive her family’s 81-year-old car


Cheaper food and fuel boost profits of fleet-footed small companies

Profits are soaring at Britain’s mid-sized private businesses. An in-depth study of 25,000 mid-market companies found that they achieved average profit growth of more than 18 per cent in the year to August 2014.

Manufacturers confident of improving productivity

The improving economic climate has prompted 95 per cent of manufacturers to improve productivity in their companies, according to a survey undertaken by the industry body EEF.

The Daily Telegraph

Cut income tax to 40p in Budget, Tories tell Osborne as they claim backing of up to 160 MPs

Up to 160 Conservative MPs want the top rate of income tax cut to 40p in the next Budget, senior Tory MPs have said as George Osborne faces mounting pressure to make the move.


School-leavers ‘worst in Europe’

British school-leavers are the worst in Europe at essential skills needed for entry-level jobs in business, a survey has suggested.

Four in 10 of firms polled in the UK felt that candidates for junior jobs lacked “functional skills, basic literacy and numeracy”, compared to 18pc of European firms. The disparity is partly explained because firms in Europe spend more time liaising with schools about their needs, says the Chartered Institute of Management Accountants (CIMA), which carried out the survey.

The Guardian

Banks want ministers to cut red tape, CBI poll finds

Banks and other financial companies want the government to cut the cost of complying with a swath of new regulation, according to a survey by the Confederation of British Industry.

When the lobby group asked firms what the government should do to help the financial industry support economic growth, reducing regulatory costs was the top priority, particularly for banks.

The Daily Mirror

Drunk Driver: thanks for nicking me, officer

A drunk-driver has written a thank-you letter to the police officer who pulled him over. (Thanking the police officer for stopping him going down a bad path)

The Daily Mail

Crystal Amber bucks trend in North Sea

Fresh from making millions from its stake building in Thorntons and Aer Lingus, activist investor Crystal Amber is ploughing cash into a North Sea oil explorer.


Speed safety trial starts

New technology designed to reduce speeds will be trialled on London’s buses from next month, as part of work to halve the number of people killed or injured on the city’s roads.

Posted by Lois Hardy on 29/06/2015